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Property profile & analytics

804 3rd St Renton, WA 98057

  • Turn key restaurants
  • 3,600 SF
  • 0.09 lot acres
OFF-MARKET
Last Sale
Nov 20, 2024
$870,000
Value Estimations
$890,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US90-0881250
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 804 3rd St

Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 lot acres
Property size
3,600 SF
Zone code
CD
Property type
Turn key restaurants
APN
723150-1875
APU
7231501875

Description

This exceptional 3,600 square-foot retail property, located at 804 S 3rd St in Renton, WA 98057, presents a unique investment opportunity. Built in 1927, this historic building boasts a prime location on the highly desirable 3rd Street retail corridor, known for its high traffic counts and pedestrian activity. The property is zoned CD and sits on a 4,040 square-foot lot. The interior is divided into two distinct areas: a fully equipped restaurant space with a kitchen, and a separate bar and billiards area. The restaurant features a café-style setup with tables and booths, a full kitchen including a walk-in freezer, and a dedicated bar area complete with a billiards table and televisions. The current tenant, Rubattino's, one of Renton's oldest restaurants (founded in 1920), can vacate upon closing, making this an ideal owner-user opportunity. There is also a separate agreement available for the purchase of the existing business. The asking price for the property is $895,000, translating to $248.61 per square foot. This is a rare chance to acquire a well-established, fully built-out restaurant and bar in a vibrant downtown Renton location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $870,000
    ML approach
    $870,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,164,000
    Market price range: $882k - $3.29M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Renton
County
King
State
Washington
Longitude
-122.206
Latitude
47.4799
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$26,513
$177,700
$437,900
$615,600
-
$177,700
$437,900
$615,600
More about this property
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